Russia's Lukoil Says Fully Replaced Reserves in 2013


MOSCOW, Feb 6 (Reuters) – Russia's No.2 oil producer Lukoil fully replaced its hydrocarbon reserves last year, meaning its newly found reserves outstripped production volumes, the company said on Thursday.

Lukoil said its proved hydrocarbon reserves, calculated under Securities and Exchange Commission (SEC) standards, stood at 17.4 billion barrels of oil equivalent, including 13.5 billion barrels of oil and 23.6 trillion cubic feet of gas, as of Dec. 31, 2013.

(Reporting by Vladimir Soldatkin, editing by Elizabeth Piper)

Copyright 2017 Thomson Reuters. Click for Restrictions.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Senior Reservoir Engineer
Expertise: Reservoir Engineering
Location: Houston, TX
United States Houston: Petrophysicist
Expertise: Petroleum Engineering|Petrophysicist
Location: Houston, TX
United States Houston: Principal II - DES
Expertise: Design Engineer|Drilling Engineering
Location: Houston, TX
search for more jobs

Brent Crude Oil : $50.75/BBL 0.09%
Light Crude Oil : $47.73/BBL 0.50%
Natural Gas : $3.05/MMBtu 0.97%
Updated in last 24 hours